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September
23, 2010,
Vancouver,
Canada --
Next Gen
Metals Inc.
(CNSX: N)
("Next
Gen" or the
"Company")
is pleased
to announce
the
initiation
of a Mobile
Metal Ion (MMI(tm))
Geochemistry
study
commencing
on its Fate
Gold/Polymetallic
Project,
located in
Québec,
Canada.
Underlying
stratigraphy
and
potential
mineralization
extends
approximately
20 km along
the major
Chicobi
Deformation
Fault Zone.
This fault
zone
parallels
the prolific
Cadillac-Larder
and Destor-Porcupine
Deformation
Zones, which
hosts multi
million
ounce
deposits to
the south.
Modern
geophysical
and
geochemical
technologies
now enabled
us to
identify
exploration
targets
which
previously
were
unknown.
Next Gen's
technical
consultants
are
confident
that Fate
Gold/Polymetallic
Project has
excellent
exploration
potential.
The
objective of
the geochem
program is
to outline
potential
drill
targets.

Next Gen has
signed an
exploration
contract
with Geos
Sciences
Consulting
and Services
Exploration
of Rouyn-Noranda
to commence
a MMI
geochemistry
exploration
program,
which
includes
sampling and
interpretation
of the
results.
The
exploration
program will
consist of:
-
MMI
Geochemical
sampling
for a
total of
2000
samples
-
Sample
spacing
to be
25m
apart
-
Samples
to be
taken at
a depth
of 15cm
(range
is
between
10cm and
25cm
depths)
from the
organic-inorganic
soil
interface
and will
be
dispatched
to SGS
laboratory
in
Toronto
-
Compilation
of
results,
statistical
processing
and
preparation
of a
geochemical
map and
report

Geos
Sciences has
more than 10
years of
experience
in MMI
sampling and
Services
Exploration
has more
than 30
years of
experience
in mineral
exploration,
including
soil
sampling,
geophysical
surveys and
prospecting.
Mobile Metal
Ion (MMI(tm))
Geochemistry
is an
advanced
surface
exploration
technique
for finding
mineral
deposits and
is a cost
effective
surface
exploration
tool. This
technology
measures
mobile metal
ions in
surface
soils. These
mobile metal
ions are
released
from ore
bodies and
travel
upward
toward the
surface.
Using
sophisticated
chemical
processes
and
instrumentation,
MMI(tm) is able
to measure
these ions,
in surface
soils, to
determine
accurately
where buried
mineralization
is located.
In addition,
regional
gravity and
magnetic
surveys
confirm the
location of
Chicobi
Fault and
also
indicate the
presence of
several
offsets. The
Company is
planning a
surface
exploration
program on
these target
areas.
Surface
geophysics
are
anticipated
once the
final report
has been
processed
and
interpreted.
About the
Fate Project
The Fate
Project is
located in
the Abitibi
Greenstone
Belt of
Northwest
Québec, one
of the most
famous gold
and base
metals
regions in
the world.
Portions of
the area
surrounding
the Fate
project have
thicker over
burden and
Management
believes it
has hindered
past
exploration
efforts.
Recent
advances in
mining
exploration
technology
are allowing
companies
like Next
Gen to make
significant
gains in
under
explored
areas of
Canada.
Next Gen's
newly
acquired
Fate Gold
Project
covers
approximately
eight
kilometres
of the
western
extension of
this under
explored
stratigraphy
which is
host to the
Destiny gold
resource,
where Alto
Ventures
Ltd. (ATV:TSX.V)
and Pacific
North West
Capital
Corp. (PFN:TSX)
have an
aggressive
development
program
planned.
This
stratigraphy
and
potential
mineralization
extends
approximately
20 km along
the major
Chicobi
Deformation
Fault Zone.
The Chicobi
Deformation
Fault Zone
parallels
the prolific
Cadillac-Larder
(Val d'Or-Malartic
[http://www.osisko.com],
Bousquet,
Kirkland
Lake gold
camps) and
Destor-Porcupine
(Timmins,
Holloway,
Duparquet
gold camps)
Deformation
Zones to the
south as
well as the
Casa Berardi
(Aurizon,
Joutel gold
areas)
Deformation
Zone to the
North.
Approximately
30 km
northeast of
the Destiny
Project,
Maudore
Minerals
(http://www.maudore.com)
is working
on expanding
their
Comtois gold
resource.
(On August
11, 2010,
Maudore
Minerals
Limited
announced
results from
a 43-101
compliant
Estimate of
Mineral
Resources
for the
Comtois. The
revised
estimate
including
drilling
data to the
middle of
February,
2010, has an
Inferred
Resource,
containing
1.2 million
ounces gold,
incorporating
a high grade
capping of
65 g/t Au.
Note that
for
comparative
purposes,
the estimate
would be
over 1.4
million
ounces
uncut. The
Inferred
Mineral
Resource
includes:
(1) near
surface (0
to 150
metres
depth) open
pit
potential of
504,384
ounces at a
grade of 3.2
g/t Au using
a 1 g/t
cut-off, and
(2)
underground
potential
(below 150
metres) of
708,409
ounces at a
grade of 6.8
g/t Au using
a 3 g/t Au
cut-off. The
minimum
width used
in
calculating
the resource
was two
metres).
About
Next Gen
Metals Inc.
Next Gen
Metals Inc.
"Next Gen"
or the
"Company" is
a
diversified
mineral
exploration
company with
a focus on
gold, silver
and base
metals
projects in
North
America.
Next Gen is
developing
the Silver
Chalice
Property,
located in
Alaska and
the recently
acquired
Fate Gold
Project
located in
the Abitibi
Greenstone
Belt of
Northwest
Québec, one
of the most
famous gold
and base
metals
regions in
the world.
Next Gen is
the newest
company to
join the
International
Metals Group
and is
listed on
the CNSX
under the
symbol "N".
The new
Board of
Directors is
comprised in
part with
directors
from the
International
Metals Group
(www.internationalmetalsgroup.com)
who, along
with the new
management
group, have
a combined
150 years or
more of
experience
in all
aspects of
managing
public
companies
related to
the resource
industry.
On behalf of the Board of
Directors
"Harry Barr"
Harry Barr
President & CEO
Next Gen Metals Inc.
Neither the TSX Venture Exchange
nor its Regulation Services
Provider (as that term is
defined in the policies of the
TSX Venture Exchange) accepts
responsibility for the adequacy
or accuracy of this release.
Note: this release contains
forward-looking statements that
involve risks and uncertainties.
These statements may differ
materially from actual future
events or results and are based
on current expectations or
beliefs. For this purpose,
statements of historical fact
may be deemed to be
forward-looking statements. In
addition, forward-looking
statements include statements in
which the Company uses words
such as "continue", "efforts",
"expect", "believe",
"anticipate", "confident",
"intend", "strategy", "plan",
"will", "estimate", "project",
"goal", "target", "prospects",
"optimistic" or similar
expressions. These statements by
their nature involve risks and
uncertainties, and actual
results may differ materially
depending on a variety of
important factors, including,
among others, the Company's
ability and continuation of
efforts to timely and completely
make available adequate current
public information, additional
or different regulatory and
legal requirements and
restrictions that may be
imposed, and other factors as
may be discussed in the
documents filed by the Company
on SEDAR (www.sedar.com),
including the most recent
reports that identify important
risk factors that could cause
actual results to differ from
those contained in the
forward-looking statements. The
Company does not undertake any
obligation to review or confirm
analysts' expectations or
estimates or to release publicly
any revisions to any
forward-looking statements to
reflect events or circumstances
after the date hereof or to
reflect the occurrence of
unanticipated events. Investors
should not place undue reliance
on forward-looking statements.
Except as required by law, the
Company undertakes no obligation
to update any forward-looking
statements.
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